{"id":1004143623,"date":"2016-05-09T00:15:06","date_gmt":"2016-05-09T08:15:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004143623"},"modified":"2020-05-14T00:51:38","modified_gmt":"2020-05-14T08:51:38","slug":"marcus-millichap-brokers-sale-of-five-self-storage-facilities-in-oklahoma","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-brokers-sale-of-five-self-storage-facilities-in-oklahoma\/","title":{"rendered":"Marcus & Millichap Brokers Sale of Five Self-Storage Facilities in Oklahoma"},"content":{"rendered":"

By Adriana Pop, Associate Editor <\/em><\/p>\n

Tulsa, Okla<\/strong>.\u2013Marcus & Millichap<\/a> has arranged the sale of a 1,876-unit Storage Station portfolio made up of five self-storage properties<\/a> located in Tulsa, the second largest city in Oklahoma.<\/p>\n

\"Storage<\/a>

Storage Station Tulsa<\/p><\/div>\n

The facilities are situated less than ten miles from one another, with highway access less than one mile from each location. Overall, the portfolio has 53 buildings and 232,836 net rentable square feet across 92 climate-controlled units, 1,642 non climate-controlled units and 122 parking spaces. With historical occupancy continuously above 90 percent, these properties provided a significant, stable presence in a Southwest secondary market.<\/p>\n

“This is a great example of our reach, we were able to bring a Florida buyer to the deal in Tulsa, Oklahoma,” Michael Mele<\/a>, senior director of Marcus & Millichap\u2019s National Self Storage Group<\/a>, said in prepared remarks. “It was a total team effort.”<\/p>\n

Mele and Trey Hammond, an associate in the firm’s Tulsa office, represented the seller, a private investor, and procured the buyer, a limited liability company. Paul Thomas Mann of the Tulsa office is Marcus & Millichap’s broker of record in Oklahoma.<\/p>\n

The properties included in the portfolio are:<\/p>\n